How to Get on the Right Side of the Payment Stream with Scott Carson

Rejuvenaging with Dr. Ron Kaiser

Dr. Ron Kaiser

Rejuvenate, Age, Aging, Fitness & Nutrition, Mental, Self-help, Gym, Doctor, Health, Fitness, Emotional Health

5.0 • 1.4K Ratings

🗓️ 8 September 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mostly all of us currently are - or have been - in the note space through our debts and loans, so it only makes sense that we’d have an interest in learning about a way in which a third party would help us pay them back.

People who work in closing distressed mortgages and note closings try to help those who are behind on their payments by purchasing their debt from the bank and modify the loan to fit each individual’s paying abilities better.

Today, I am especially happy to present Scott Carson, president, and CEO of We Close Notes. His business focus is on residential and commercial notes, which is based on buying unpaid mortgages from the bank to try to help people who are behind on payments stay in their house. Scott is also a successful podcast host as well as someone who helps entrepreneurs and real estate investors through his teachings, strategies, and insights.

Scott is a featured speaker and educator at dozens of investment clubs and real estate workshops across the country, which focus on how to find, fund, and flip on nonperforming notes directly from banks. He also yearly hosts the online summit and conference, Note Camp, which has proved to be an excellent starting point for new note investors to start learning their way around the business.

Listen to Episode 53 of Rejuvenaging, to find out about the ins and outs of this industry and, if you’re a borrower that has financial issues, to learn how you can still keep your beloved home and pay your debt in a smoother manner.

Some questions I ask:

Why don’t banks do what you do? (07:24)
What happens at the end of the mortgage period? Whose house is it? (12:01)
What are the risks involved? (14:20)
What do you need to get started in this business? (18:05)
Is this a young person’s game? Or is it something that might encourage people who are close to retirement to look into? (31:12)

In this episode, you will learn:

What distressed mortgages and note closings mean (05:00)
How does Scott make money in his business (12:17)
Why a real estate license isn’t necessary to buy notes (18:18)
How to figure out if this industry is for you. (22:38)
Scott’s journey starting on the business (23:52)
How COVID has impacted Scott’s business, with so many people that are currently unable to pay their loans. (28:27)

Connect with Scott:

Useful Rejuvenaging Resources:

Website: https://www.thementalhealthgym.com/
Book: Dr. Ron Kaiser - Rejuvenaging: The Art and Science of Growing Older with Enthusiasm
Email: ron.kaiser@thementalhealthgym.com
TEDx Talk: Aging Enthusiastically to Make the World a Better Place

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Transcript

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0:00.0	Welcome to Rejuvenaging with Dr. Ron Kaiser.
0:22.6	This is the podcast designed to help you live your life enthusiastically, today, tomorrow
0:27.9	and every other day.
0:29.4	I am your host, Ron Kaiser.
0:31.0	I'm a positive health psychologist and also author of the award-winning and best-selling
0:35.8	book, Rejuvenaging, The Art and Science of Growing Older with Enthusiasm.
0:41.6	My website is www.thementalhealthjim.com.
0:48.2	It's your source of all kinds of information about positive psychology, wellness, rejuvenaging,
0:55.5	and all kinds of good things to help you live your life enthusiastically.
1:00.4	As you know, our podcasts typically feature individuals who not only lead their lives
1:06.6	enthusiastically but have something interesting and important to say that can help us be
1:12.3	better versions of ourselves in a positive and more enthusiastic way.
1:18.2	I am especially happy to present Scott Carson to you today who I actually have been hoping
1:27.5	to get on this podcast for quite a while.
1:30.0	I have to admit, I met Scott at the New Media Summit a year and a half ago and he talked
1:38.3	about a topic that I thought would never be a fit for my podcast.
1:44.5	Things like note closing, distress mortgages, and so on.
1:48.6	I have somehow over time learned that some of my friends are involved in this, that people
1:57.0	find it as a beneficial full or part time source of income and a way of maintaining interest
2:05.6	in the real world.
2:07.9	It's just something that as time went on, I knew I had to get Scott on here.
2:14.5	His enthusiasm is really palpable.
	...

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